>> what happened in the past, everybody thought the solution was a higher degree of education and went from high school to diploma and college degree and eventually graduate degree. that doesn't work anymore because the nature of work is changing. the way we fix it is to understand we have to not only invent things in the united states, we have to figure out how to make them in the united states. >> we're not really doing that. author of "death by china," peter, you call this a triple zero economy. the past ten years, zero jobs growth, zero wage growth, zero stock returns. which part of that equation is the most crippling? >> i think all of them. if you think about the middle class, where they need jobs, they need wage growth. we've seen average meaning household income actually go nowhere and importantly in their 401(k)s have become 201 ks, they need robust stock returns. if we're going to get wage growth and jobs growth clearly we have to do, as the guest said, we have to restore the manufacturing base. one good news i have in this triple zero economy, i think going forward the next